Farmer protests grip Poland

Wojciech Kosc in Warsaw February 21, 2024

The Polish government is under mounting pressure to deal with the protests and not let domestic politics compromise its support for Ukraine.

Polish PPI deflation deepens again in January

bne IntelliNews February 21, 2024

Poland's producer price index (PPI) declined 9% year on year in January (chart), following a revised fall of 6.9% y/y in December.

CEE losing competitiveness because of soaring wages and weak productivity growth

bne IntelliNews February 19, 2024

Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics

Clear east-west divide in EU for gender balance in science and engineering

bne IntelliNews February 15, 2024

Female employment in science and engineering is well above 50% in multiple regions of Central and Southeast Europe, Eurostat figures show.

World must invest $8 trillion in renewables by 2030 to meet COP28 goal

by Roberta Harrington in Los Angeles February 14, 2024

Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.

Polish economic growth picks up to 1.7% y/y in Q4, flash estimate shows

bne IntelliNews February 14, 2024

Polish GDP expanded 1.7% year on year in the fourth quarter, (chart) picking up versus a gain of 0.3% y/y in the preceding three months, seasonally adjusted data from the Central Statistical Office (GUS) showed in a flash estimate on February 14.

Polish farmers to step up protests by “complete blockade” of Ukrainian border

Wojciech Kosc in Warsaw. February 14, 2024

Protests put Poland’s government in a precarious position ahead of local elections in April.

Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point

Ben Aris in Berlin February 14, 2024

The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.

Tusk says PiS government “100% purchased and used” Pegasus spyware

Wojciech Kosc in Warsaw February 13, 2024

Ruling party claims its onetime election chief was spied on, as well as former prime minister Mateusz Morawiecki.

EU may sanction Chinese companies for the first time for facilitating Russia’s flourishing trade with friendly countries

bne IntelliNews February 13, 2024

The EU is contemplating the unprecedented step of imposing sanctions on three Chinese companies alleged to be aiding Russia's military actions against Ukraine, Bloomberg reports.

Hydrogen production and demand to grow in 2024, but only slowly

bne IntelliNews February 12, 2024

Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.

Tusk visits Berlin to fix ties as risks of Trump’s return looms larger

Wojciech Kosc in Warsaw February 12, 2024

Polish premier’s meetings with German Chancellor Olaf Scholz and French President Emmanuel Macron will enable Tusk to announce Warsaw’s return to the centre of EU politics.

Oil and gas companies to invest over $1 trillion in the next decade expanding production

bne IntelliNews February 12, 2024

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

Earth has already passed 1.5 degrees warming, says study

by Roberta Harrington in Los Angeles February 7, 2024

The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.

Poland’s political stand-off could hurt budget consolidation, says Fitch

Wojciech Kosc in Warsaw February 7, 2024

Rating agency says level and frequency of confrontation has exceeded its expectations and is starting to affect policy implementation.

Orlen sold Lotos assets for at least €1.15bn below market value, state auditor says

Wojciech Kosc in Warsaw February 6, 2024

Warsaw-listed fuels and energy giant Orlen sold assets of peer Lotos PLN5bn (€1.15bn) below their market value, according to a report by the state audit body NIK.

New Polish government dismisses Orlen chief as clean-up after PiS continues in state companies

Wojceich Kosc in Warsaw February 2, 2024

Investigations launched into sell-off of assets in Lotos merger, and company’s lowering of fuel prices before the election last year.

Poland’s PMI falls in January, defying expectations of rebound

bne IntelliNews February 1, 2024

Poland's Purchasing Managers' Index (PMI) declined 0.3 points to 47.1 in January (chart), the economic intelligence company S&P Global said on February 1.

Duda–Tusk war continues as president signs 2024 budget but sends it to top court for review

Wojciech Kosc in Warsaw February 1, 2024

President refers budget to PiS-dominated Constitutional Tribunal because two of its MPs were prevented from voting because they were in jail.

EU to renew Ukraine’s trade access, but introduces an agricultural “safety brake”

Ben Aris in Berlin February 1, 2024

The European Commission intends to extend Ukraine’s access to EU markets at the summit this week but will introduce restrictions on some key agricultural products to protect members state’s domestic markets, UBN reported on January 31.